LuxExperience B.V. (NYSE:LUXE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LuxExperience B.V. (NYSE:LUXE) from a strong sell rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of LuxExperience B.V. from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 11th. JPMorgan Chase & Co. boosted their target price on LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, September 17th. TD Cowen upped their price target on LuxExperience B.V. from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. B. Riley Financial upped their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Finally, Zacks Research lowered LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 16th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, LuxExperience B.V. has an average rating of “Hold” and an average price target of $10.25.

LuxExperience B.V. Stock Down 3.9%

Shares of NYSE LUXE opened at $9.69 on Friday. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. The firm has a market cap of $830.43 million, a PE ratio of -6.78 and a beta of 1.06. The company’s fifty day simple moving average is $7.98 and its 200 day simple moving average is $8.01. LuxExperience B.V. has a 12-month low of $6.54 and a 12-month high of $11.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LUXE. Larson Financial Group LLC bought a new stake in shares of LuxExperience B.V. during the fourth quarter worth about $52,000. Americana Partners LLC bought a new position in LuxExperience B.V. in the 4th quarter valued at about $127,000. Bank of America Corp DE boosted its stake in LuxExperience B.V. by 2,291.9% during the 1st quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock valued at $136,000 after purchasing an additional 16,341 shares during the last quarter. Engineers Gate Manager LP boosted its stake in LuxExperience B.V. by 212.2% during the 2nd quarter. Engineers Gate Manager LP now owns 65,245 shares of the company’s stock valued at $485,000 after purchasing an additional 44,345 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in LuxExperience B.V. during the 1st quarter worth approximately $635,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

LuxExperience B.V. Company Profile

LuxExperience B.V. is a global luxury e-commerce company operating digital platforms that connect consumers with premium fashion, accessories, beauty products and lifestyle goods. Its portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering products from a broad range of established luxury and designer brands.

The company serves customers internationally through localized websites and mobile experiences, providing online shopping, curated product selection, editorial content, customer service and related digital retail services.